St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-14
FINANCIAL.
New York.

NEW YORK, April 13.-Money on call easy
at 3@7 per cent, closing offered at 3. Prime
mercantile paper sos. Sterling exchange
dull but steady and unchanged. The foreign
operators, not meeting any response from this
market to their efforts to advance prices,
changed front this morning and were free
sellers of the stocks purchased in the last
few days. Many of the bull leaders who are
not averSe to q moderate action aided the de-
cline by hamrnering several OF the special
ties. The only support received by the market
was obtained from the covering of shorts and
purchases by commission houses. Consider;
able resistance was given to the decline by
the extraordinary strength in Jersey Central
and Manhattan. The former attracted most
attention throughout the day, and at one time
showed an advance of 4 u per cent. Differ
ent causes are ascribed for its strength, but
it is generally attributed to the manipulation
of outsiders though there are evidences of a
squeeze of the short interest which Is report
ed to. be very heavy, especially in Philadelphia.
The movement in Manhattan is ascribed to
the Standard Oil party, the story ON the board
being that they were also interested in the
movement in Jersey Central and Reading.
Louisville & Nashville and Reading were sold
very freely for foreign account, although the
liquidation extended to all the London favor
ties. The Gould stocks were firm in the early
part of the day, Western Union being Spe-
cially prominent throughout. The Changers
and Trunk lines were comparatively neg !
lected, and the dealings in the low-priced 4
shares bore much smaller proportion to the !
total business than usual for the past two
weeks. The market opened weak, declines
ranging up TO 5s per cent. in Louisville s.
Nashville, and further fractional losses were
established in the early dealings. The entire
market rallied quickly, however, under the
lead of Western Union and Wheeling and
Lake Erie, and the early losses were generally
regained, afte-- which the market became
comparatively quiet and steady. In the aft
ernoon the entire list declined under persist
ent hammering, and with the exception of
one slight rally the weakness continued until
p. H., when the lowest figures of the Gay
were made. There was q slight rally in
the last hour, and the close was mod
erately active and steady. Sales BIS, 1874 shares.
Railroad bonds were moderately active: sales,
81. 953, 900. Atlantic &Pacific incomes furnished
$270, 900, and New York City s. Northern trust
receipts S150,000. The market was somewhat
irregular, but generally firm, though it SYM
pathiZed with the share market in the after
noon and became weak. Closing prices show.
irregular changes, with a majority of adj
vances. Jersey Central convertibles rose 20
to 100, Michigan Central IS of 1900 31s to 112L
aud Richmond & Danvie debentures to 49,
Government bonds and state bonds were
dull and steady. The sales of stocks to-day
were 3l9,S84 shares, including:
Del. Lack. & W..13, SOON. j. Central. .2S, $40
Del. & Hudson. 3.5S7Oregon Trans. ITO
Kansas s. Texas. 1880 Texas Pacific. 1920
Lake Shore. -. Is, 900 Union Pacific. 1000
Louisville & n. Is, $50 Western Union. 40 957
Northwestern. 5, 716